Welcome to our dedicated page for Ppg Inds news (Ticker: PPG), a resource for investors and traders seeking the latest updates and insights on Ppg Inds stock.
PPG Industries Inc (NYSE: PPG) is a global leader in coatings and specialty materials, serving automotive, aerospace, and construction markets since 1883. This dedicated news hub provides investors and industry professionals with timely updates on corporate developments, financial performance, and technological innovations.
Access PPG's official press releases, earnings reports, and strategic announcements in one centralized location. Our curated collection includes updates on sustainability initiatives, product launches, and market expansions, enabling stakeholders to track the company's progress in key growth areas.
Key content categories span quarterly financial results, manufacturing advancements, environmental commitments, and leadership changes. All materials are sourced directly from PPG's corporate communications to ensure accuracy and compliance with disclosure regulations.
Bookmark this page for streamlined access to PPG's latest business developments. Combine our real-time updates with historical announcements to analyze long-term trends in the coatings industry and make data-driven decisions.
PPG (NYSE:PPG) has announced Purple Basil (PPG1046-7) as its 2025 Color of the Year. This dusty violet hue, also known as Amethyst Shadow and Acai Berry in some European markets, represents adaptability in times of change. It's part of PPG's 2025 'Kinetic' global color theme, which includes four distinct color palettes.
Purple Basil is described as a sophisticated, elegant color that works well in both traditional and edgy designs. It's warm enough to be inviting yet cool enough to create an air of mystery. The color reflects the global theme of movement shaping design trends across industries.
PPG's color forecasting process involves collaboration among dozens of color stylists and considers social, cultural, and political dynamics worldwide. The company aims to create a collection that resonates with diverse audiences globally.
PPG (NYSE:PPG) has announced executive leadership changes effective October 1, 2024. Kevin Braun, currently senior vice president of the industrial coatings segment, will become senior vice president of operations. He will succeed Ram Vadlamannati, who is retiring after 25 years with the company. Braun will report to Tim Knavish, PPG chairman and CEO, and serve on PPG's operating committee.
In his new role, Braun will lead the operations organization, overseeing supply chain, operational excellence, manufacturing operations, procurement, and environment, health and safety functions. He will also maintain executive oversight for packaging coatings, and specialty coatings and materials. The automotive OEM and industrial coatings businesses will transition to report directly to Knavish.
Braun has been with PPG since 1991, holding various leadership positions across different segments and regions. Vadlamannati joined PPG in 1999 and has served in multiple executive roles, most recently leading operations since January 2023.
PPG (NYSE: PPG) has announced a two-year partnership with the Foundation for Environmental Education (FEE) to boost environmental sustainability education globally. The company will provide a $150,000 community engagement grant to expand FEE's programs, focusing on climate change education through UNESCO's Greening Education Partnership (GEP). This initiative is part of PPG's commitment to invest $5 million in environmental sustainability education by 2030.
The funding will support the creation of new educational materials, including an 'Eco-Schools' handbook, instructional videos, online courses, and teacher training materials in multiple languages. The partnership aims to impact 30,000 schools, 75,000 teachers, and 1 million students worldwide, contributing to UNESCO's goal of accrediting 50% of all schools to a green school scheme by 2030.
PPG (NYSE:PPG) has been recognized as one of the 'World's Best Companies of 2024' by TIME Magazine and Statista. The list ranks the top 1,000 global employers based on three primary dimensions: employee satisfaction, revenue growth, and sustainability (ESG). PPG's inclusion was determined through extensive surveys conducted in over 50 countries, involving approximately 170,000 participants.
This recognition adds to PPG's recent accolades, including:
- Newsweek's Most Trustworthy Companies in America 2024
- Barron's 100 Most Sustainable U.S. Companies for 2024
- FORTUNE Magazine's World's Most Admired Companies® for 2024
- JUST Capital 2024 list of America's Most JUST Companies
- 2024 Corporate Knights Clean200™
PPG, headquartered in Pittsburgh, operates in more than 70 countries and reported net sales of $18.2 billion in 2023. The company serves customers in construction, consumer products, industrial, and transportation markets.
PPG (NYSE: PPG) has launched PPG STEELGUARD® 951 epoxy intumescent fire protection coating in the Americas, expanding its availability to North and Latin America after a successful launch in Europe and the Middle East. This innovative product offers up to four hours of fire protection for commercial infrastructure, including semiconductor plants, EV battery facilities, and data centers.
Key features of PPG Steelguard 951 include:
- Expands into insulating foam during fires
- Up to 3,500 microns dry-film thickness in a single coat
- Rapid curing, ready for handling the next day
- Flexible epoxy technology for durability and edge retention
- Corrosion resistance up to ISO 12944 C5 without topcoat
- Ideal for modular construction projects
- Tested to international fire and corrosion standards
PPG (NYSE:PPG) has expanded operations in Petaling Jaya, Malaysia to include the production of non-stick coatings for kitchenware, industrial bakeware, and low friction applications. The expansion provides additional capacity and testing services for regional customers. The facility now has five new production lines for both waterborne and solventborne coatings, enabling PPG to meet diverse customer needs. The plant will service customers in the energy sector with corrosion-resistant coatings for oil and gas applications. Additionally, the facility will offer PFAS-free coatings for kitchen and industrial bakeware industries, demonstrating PPG's commitment to sustainably advantaged solutions.
PPG (NYSE: PPG) has announced an agreement to sell its silicas products business to QEMETICA S.A. for approximately $310 million in pre-tax proceeds. The transaction is expected to close in Q4 2024, subject to customary conditions. The sale includes manufacturing facilities in Lake Charles, Louisiana, and Delfzijl, The Netherlands, with leasing arrangements for operations in Barberton, Ohio, and Monroeville, Pennsylvania. The business, representing 1-2% of PPG's total net sales in 2023, employs about 400 people.
PPG CEO Tim Knavish stated that this move will allow the company to focus on its core coatings and specialty products businesses. QEMETICA, a leading chemical manufacturer in Central Europe, aims to expand its global presence through this acquisition.
PPG (NYSE:PPG) has completed upgrades to expand capacity at its Yen Phong industrial coatings plant in Bắc Ninh province, Vietnam. The expansion includes a new production line for PPG AQUACRON™ waterborne coatings for consumer electronics, along with advanced testing equipment and automated spray booths. The plant now has six production lines, aimed at reducing turnaround times and improving customer support.
This investment supports the growing demand for sustainable products from multinational consumer electronics brands in Southeast Asia. The facility also produces coatings for transportation, architectural, and electronic materials. PPG aims to achieve 50% of its sales from sustainably advantaged products by 2030. The company reported net sales of $18.2 billion in 2023 and operates in over 70 countries.
PPG (NYSE: PPG) has launched PPG PITT-THERM® 909 spray-on insulation (SOI) coating, a silicone-based solution for high-heat environments in oil and gas, chemical, petrochemical, and critical infrastructure industries. This innovative coating offers improved safety, asset protection, and operational efficiency compared to traditional insulation materials. Key features include:
- Temperature resistance up to 500°F (260°C)
- Reduces external surface temperatures to 310°F (154°C), minimizing burn risks
- Application thickness up to 250 mils (6.35 mm) per coat
- Total coating thickness up to 500 mils
- Can be applied to hot and cold substrates without operational shutdowns
- Exceptional corrosion resistance and prevention of corrosion under insulation (CUI)
- Meets ASTM E84 Class A fire rating requirements
Available in the US and Canada, PPG PITT-THERM 909 coating represents PPG's commitment to advancing industry standards through innovation.
PPG (NYSE: PPG) has been awarded the 2024 Altair Enlighten Award for its ENVIRO-PRIME® EPIC 200X electrocoat technology. The award, presented by Altair Engineering, recognizes sustainability and lightweighting advancements in the automotive industry. PPG and Toyota North America were named runners-up in the Sustainable Process category for implementing this technology at Toyota's plant in Canada.
The EPIC 200X electrocoat, applied at the Toyota Motor Manufacturing Canada North Plant in Cambridge, Ontario, offers enhanced corrosion protection while significantly reducing environmental impact. Key benefits include:
- Reduction of 3,500 metric tons of CO2 emissions annually
- 0.6 kg less product applied per vehicle
- 5.6 million kWh energy savings per year
- 1.8 million gallons of water saved annually
This recognition follows PPG's recent American Chemistry Council (ACC) 2024 Sustainability Leadership Award for its ENVIRO-PRIME EPIC 300 electrocoat, which cures at lower temperatures, further reducing greenhouse gas emissions in automotive manufacturing.
FAQ
What is the current stock price of Ppg Inds (PPG)?
What is the market cap of Ppg Inds (PPG)?
